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Strategies & Market Trends : Roger's 1997 Short Picks

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To: craig crawford who wrote (8766)12/22/1997 10:30:00 PM
From: Jon Tara  Read Replies (2) of 9285
 
Craig, take a look at my comments on the AOL thread on the TA. I beleive that AOL is setting up for an extrodinary shorting opprotunity. However, I could use some help here... How overbought can a stock get? I probably should poor over those old NSCP and ZITL charts. :)

AOL is overbought. The chart pattern that has been set up (breakout from a flag) will probably propel it higher - I'd guess 95-100 in the short term (next few days) and then it's going to be REALLY overbought. I'd actually go long here except that AOL would probably be highly vulnerable to any further market jitters, although I suppose that's not too likely going into Christmas and the New Year.
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